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Stochastic Value Formation.
- Source :
- Dynamic Games & Applications; Sep2021, Vol. 11 Issue 3, p597-611, 15p
- Publication Year :
- 2021
-
Abstract
- We propose a simple model of value formation in two societies (communities). When forming values, individuals face conformity pressure within their own society and they are intolerant toward the other society. When such a value formation process is noisy, the interaction between conformity, intolerance and noise can give rise to interesting dynamic outcomes including two polarized societies and polarization across the two societies. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21530785
- Volume :
- 11
- Issue :
- 3
- Database :
- Complementary Index
- Journal :
- Dynamic Games & Applications
- Publication Type :
- Academic Journal
- Accession number :
- 151737199
- Full Text :
- https://doi.org/10.1007/s13235-020-00370-z